Classical economics and Marxism

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Across
  1. 3. the amount of goods and services that can be purchased with a certain amount of money: _____ POWER
  2. 5. the act of giving one thing in return for another
  3. 8. the resources and facilities used for the creation of goods and services: MEANS OF _____
  4. 10. the ability of a company or nation to compete effectively in the global market
  5. 12. a principle of economics in which work is divided and assigned to different individuals or groups: DIVISION OF _____
Down
  1. 1. the difference between the cost of producing a good or service and the price it is sold for, resulting in profit for the producer: SURPLUS _____
  2. 2. the working class, especially those who do not own the means of production
  3. 4. the conflict between social classes, especially between the working class and the wealthy capitalist class: CLASS _____
  4. 6. the exchange of goods and services between countries: FOREIGN _____
  5. 7. the creation of more goods or services than can be consumed or sold: OVER-_____
  6. 9. unemployed workers who are available for work and could be hired to replace existing workers: INDUSTRIAL RESERVE _____
  7. 10. total spending for producing a good or service, including materials, labor, and overhead expenses: PRODUCTION ______
  8. 11. proficiency or expertise in a particular activity or task